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Mahindra Comviva, the global leader in providing mobility solutions has appointed Rafael Olivares as the new chief executive officer (CEO) for Latin American Operations. The appointment is effective from April 1, 2017. With this appointment, Mahindra Comviva is aggressively focusing on extending its footprint across Latin America.

The company is targeting a 250 percent growth in revenue over the next three years. This includes a strong focus on innovation, development and deployment of mobile financial, big data analytics, innovative content solutions and Enterprise centric solutions e.g. data monetization and messaging. This will help the company to support digital transformation of the region across Telcos, BFSI and Retail businesses.

Mahindra Comviva acquired a controlling stake in Advanced Technology Solutions (ATS) in January 2016. Since then, Jorge Brunfman was leading the Latin American operations. He will continue as a board member of Mahindra Comviva Argentina organization.

Commenting on the appointment, Manoranjan Mohapatra, CEO, Mahindra Comviva said: “Rafael brings a wealth of experience and expertise in the customer engagements and the business process including delivery, strategy and PMO. I believe that with Rafael's leadership Mahindra Comviva will sustain and improve its leading position in the mobility solutions space in Latin America."